The biggest cities with the highest rental prices

Most financial advisors say that renters should never pay more than 30 percent of income on rent.

As renters and landlords know, it can cost a pretty penny to live in big, happening cities. For many, even those with stable jobs, doing so means spending more of your income on rent.

While most people in these cities tend to have higher incomes — the median per capita income in New York is roughly $4,000 above the national average and in San Francisco it’s about $13,500 higher — most renters in these cities still spend more than the recommended 30 percent on rent.

In 2015, the San Francisco housing market repeatedly made news with its skyrocketing cost of living and the increasing gentrification. However, this city by the bay isn’t the only one trying to take your money.